Wolfson

I've seen shares fall on good results before but this is just silly!

Surely this has got to be a buying opportunity!

Financial Highlights

Revenue increased by 94% to $56.9m (H1 2003, $29.3m)
Gross margin improved to 50% (H1 2003, 46.4%)
Profit before tax increased by 123% to $9.3m (H1 2003, $4.2m)
Diluted earnings per share increased 94% to 5.77c (H1 2003: 2.98c)

Operational Highlights

158 design wins in the period
9 new products introduced in the period
Continued strong uptake of products by major OEMs
Increased sales in Japan and Korea to 29% of group turnover
31 new technical and commercial staff

There's often more sells than buys when the price goes up and vice versa when it drops.

and still it continues, unbelievable!

Directors selling WLF shares annouced in the Daily Mail today

yes some sold but still hold decent sized tranches.

It got a good write up in the scotsman today. A big piece about analysts reaction to it as "excellent" and 56% ahead of their own housebroker's estimates. All encouraging.

Sounds good to me so I just bought back on the 'dip' I hope ! T20 credit @ 422, so keep moving up wolfy!!

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Price dwindling downwards today

A great buying opportunity

the voice of calmess and sanity, i agree exotoxin though i think the rise will slow and perhaps even more profit taking before the next push up. the group are now going to announce results quarterly and this will help the sp a great deal. wolfy looks a diamond at the moment.

if you dont sell the price dont go down.

if you dont stop selling a great stock ill have to join you, use your brains girls and boys.

Even the directors are selling, so I think WLF is possibly too pricey at the moment at 400p.

re jiggles or is it biggles?

Wolfson isnt really high growth it just produces lots of high margin chips when the demand is there - as it is!

New products are coming out at an alarming rate and technology becomes 'old' in a very short space of time fuelling demand for new products and quality suppliers like wolfson will continue to satisfy that demand.

All p/e ratios are HISTORIC and vary with share price and earnings so if earnings rise 30% next year as predicted by brokers est then p/e falls to 15 if the share price stays the same. That is why some companies have high p/e and people keep buying shares because earnings are rising fast. If the shares rise to 5 then this increases the next year p/e by 25% to about 20 if earnings come in as expected.

No CRASH just some profit taking AND LETTING OFF STEAM!!!!!!!!

well said ian, biggles more anti kivver other than anti wolfy. noticed directors have excerside some options rather than sold. whats the difference????? ps still more buys than sells at this moment.

Jiggles i don't think it's ramping ,this is a quality play ,i was in at 245p ,i'm laughing all the way to the bank..

hahahahahahahahahahahahahaa when you have had the %age rise with axm as i have with wlf, iqe, cs and kmr you can come and criticise me. now go back to your sideways and downward thread theres a good boy. ps cheers jimmy